Arla Foods to acquire Kraft-branded cheese business in Middle East and Africa from Mondelēz International
The move enables Mondelēz International to focus on its newly-announced strategic plan.
Mondelēz International, Inc., East Hanover, N.J., announced plans to sell its Kraft-branded cheese business in Middle East and Africa (MEA) to Arla Foods, Denmark.
The move enables Mondelēz International to focus on its newly-announced strategic plan to drive top-line growth and generate attractive returns, centered around three priorities—accelerate consumer-centric growth, drive operational excellence and build a winning growth culture. Under this plan, the company will focus on faster-growing snacks categories.